{"id":564930,"date":"2021-03-08T13:52:25","date_gmt":"2021-03-08T13:52:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/"},"modified":"2021-03-08T13:52:25","modified_gmt":"2021-03-08T13:52:25","slug":"saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/","title":{"rendered":"Saudi wealth fund to take top offshore outfit ADES International private"},"content":{"rendered":"

<\/a> Saudi Arabia\u2019s Public Investment Fund is looking to take leading regional oil and gas <\/strong>services company ADES International private. <\/strong>The USD 161 mn transaction would value the UAE-based rig player, which grew out of Egypt and remains the country\u2019s largest offshore oil and gas service provider, at some USD 516 mn.<\/p>\n

ADES\u2019 independent directors are recommending shareholders accept the offer<\/strong>, they said in a disclosure<\/a> carried by the London Stock Exchange\u2019s regulatory news service this morning. The Saudi wealth fund has offered to fund the transaction at USD 12.50 a share \u2014 a 40% premium to the company\u2019s USD 8.95 share price at the end of last week.<\/p>\n

ADES International\u2019s share price surged on the news:<\/strong> ADES International\u2019s shares are up over 34% to hit USD 12 on the news.<\/p>\n

In detail:<\/strong> The transaction will see Innovative Energy Holding acquire and take private ADES International Holding. Innovative Energy is a newly established company that will be jointly owned by the PIF, Zamil Investments and ADES Investments. ADES Investments currently holds 64% of ADES International Holding, while Zamil holds a 5% stake. Both companies will transfer their holdings to Innovative Energy after an agreement is finalized. The disclosure does not specify whether the PIF will hold the full remaining stake. The company\u2019s shares would then be delisted from the LSE.<\/p>\n

Why the delisting?<\/strong> Innovative Energy says that \u201cas a private company \u2026 [ADES International] will benefit from a longer term approach to strategy and decision making and that ADES International will have greater flexibility to pursue strategic opportunities.\u201d<\/p>\n

What ADES said:<\/strong> The company\u2019s board of directors judged the offer to be \u201cfair and reasonable\u201d and will recommend that shareholders accept it, according to the disclosure.<\/p>\n

Why this matters:<\/strong> ADES is Egypt\u2019s largest offshore driller and started life here in Egypt before going public in London in 2017. It has since expanded into Kuwait and Algeria and ramped up its revenues from Saudi Arabia in the three years since its IPO through a series of acquisitions. There\u2019s plenty more on the company in its investor presentation here (pdf)<\/a>.<\/p>\n

Advisors:<\/strong> EFG Hermes is acting as ADES\u2019 financial advisor while Moelis & Company is providing financial advice to the Public Investment Fund. Investec Bank and Canaccord Genuity are acting as the corporate brokers for ADES.<\/p>\n","protected":false},"excerpt":{"rendered":"

Saudi Arabia\u2019s Public Investment Fund is looking to take leading regional oil and gas services company ADES International private. The USD 161 mn transaction would value the UAE-based rig player, which grew out of Egypt and remains the country\u2019s largest offshore oil and gas service provider, at some USD 516 mn. ADES\u2019 independent directors are […]<\/p>\n","protected":false},"author":1,"featured_media":564931,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10045],"tags":[633,431,7128,219],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-564930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round-ma-watch","tag-enterprisepm","tag-london-stock-exchange","tag-ma-watch","tag-saudi-arabia","wpautop","entry"],"acf":{"mongo_id":"ccb1a651-d6f5-4d96-9a08-7fd1c549c903","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/3\/422.jpg","photo_position":"above","related_issue":[564926],"teaser":"","voice_url":""},"yoast_head":"\nSaudi wealth fund to take top offshore outfit ADES International private - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi wealth fund to take top offshore outfit ADES International private\" \/>\n<meta property=\"og:description\" content=\"Saudi Arabia\u2019s Public Investment Fund is looking to take leading regional oil and gas services company ADES International private. The USD 161 mn transaction would value the UAE-based rig player, which grew out of Egypt and remains the country\u2019s largest offshore oil and gas service provider, at some USD 516 mn. ADES\u2019 independent directors are […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-08T13:52:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/422.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Saudi wealth fund to take top offshore outfit ADES International private\",\"datePublished\":\"2021-03-08T13:52:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/\"},\"wordCount\":389,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/422.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterprisePM\",\"London Stock Exchange\",\"M&A Watch\",\"Saudi Arabia\"],\"articleSection\":[\"SPEED ROUND: M&A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/\",\"name\":\"Saudi wealth fund to take top offshore outfit ADES International private - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/422.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2021-03-08T13:52:25+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/422.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/422.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Saudi wealth fund to take top offshore outfit ADES International private\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Saudi wealth fund to take top offshore outfit ADES International private - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/","og_locale":"en_US","og_type":"article","og_title":"Saudi wealth fund to take top offshore outfit ADES International private","og_description":"Saudi Arabia\u2019s Public Investment Fund is looking to take leading regional oil and gas services company ADES International private. The USD 161 mn transaction would value the UAE-based rig player, which grew out of Egypt and remains the country\u2019s largest offshore oil and gas service provider, at some USD 516 mn. ADES\u2019 independent directors are […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-03-08T13:52:25+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/422.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Saudi wealth fund to take top offshore outfit ADES International private","datePublished":"2021-03-08T13:52:25+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/"},"wordCount":389,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/422.jpg?fit=%2C&ssl=1","keywords":["EnterprisePM","London Stock Exchange","M&A Watch","Saudi Arabia"],"articleSection":["SPEED ROUND: M&A WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/","name":"Saudi wealth fund to take top offshore outfit ADES International private - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/422.jpg?fit=%2C&ssl=1","datePublished":"2021-03-08T13:52:25+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/422.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/422.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/08\/saudi-wealth-fund-to-take-top-offshore-outfit-ades-international-private\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Saudi wealth fund to take top offshore outfit ADES International private"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/422.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/422.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/422.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":603941,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/23\/ades-to-ipo-in-riyadh-next-quarter\/","url_meta":{"origin":564930,"position":0},"title":"ADES to IPO in Riyadh next quarter?","author":"enterpriseam admin","date":"23 August 2023","format":false,"excerpt":"The company reportedly aims to raise USD 1.2 bn from the offering","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1025.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":606086,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/11\/ades-eyes-usd-1-2-bn-from-saudi-ipo\/","url_meta":{"origin":564930,"position":1},"title":"ADES eyes USD 1.2 bn from Saudi IPO","author":"enterpriseam admin","date":"11 September 2023","format":false,"excerpt":"The IPO is expected to be Saudi Arabia\u2019s largest offering this year","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/742.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":606464,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/17\/ades-on-course-to-raise-usd-1-2-bn-in-saudi-ipo\/","url_meta":{"origin":564930,"position":2},"title":"ADES on course to raise USD 1.2 bn in Saudi IPO","author":"enterpriseam admin","date":"17 September 2023","format":false,"excerpt":"The company is expected to price its shares at the top of the range","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1034.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":604297,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/29\/ades-international-to-ipo-in-riyadh-in-september\/","url_meta":{"origin":564930,"position":3},"title":"ADES International to IPO in Riyadh in September","author":"enterpriseam admin","date":"29 August 2023","format":false,"excerpt":"Bookbuilding kicks off on 10 September","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1294.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":648452,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/04\/ades-international-announces-intention-to-float-on-lse\/","url_meta":{"origin":564930,"position":4},"title":"ADES International announces intention to float on LSE","author":"enterpriseam admin","date":"4 April 2017","format":false,"excerpt":"IPO Watch- Oil and gas drilling and production services provider ADES International Holding announced its intention to proceed with a global offer of its existing shares on the London Stock Exchange yesterday. The Dubai International Financial Centre-based company is planning to raise up to USD 170 mn through the issue\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":586563,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/14\/ades-international-aramco-trading-reportedly-push-saudi-ipos\/","url_meta":{"origin":564930,"position":5},"title":"ADES International, Aramco Trading reportedly push Saudi IPOs","author":"enterpriseam admin","date":"14 May 2023","format":false,"excerpt":"Gulf IPOs are down this year amid a decline in oil prices","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/717.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/564930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=564930"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/564930\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/564926"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/564931"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=564930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=564930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=564930"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=564930"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=564930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}